Minesto News Update 10 July 2020

July 10, 2020

· Minesto presents at the EU Sustainable Energy Week
· Jonas Millqvist elected new chairman of Minesto
· Pictures and video from the Vestmannasund installation activities
· Minesto’s first DG100 kite system named “Havfrúgvin”

Minesto presents at the EU Sustainable Energy Week

Minesto’s CEO Dr Martin Edlund presented at the EU Sustainable Energy Week at a webinar hosted by the International Renewable Energy Agency and Ocean Energy Europe on 19 June.

The webinar, titled “New horizons: Europe driving ocean energy development around the world”, focused on examining new international developments in technology and the future of Europe’s global leadership role in ocean energy technology. Watch a recording of the webinar here (Martin Edlund’s presentation starts at around 45:15)

Jonas Millqvist elected new chairman of Minesto

On 29 June, Minesto AB’s Annual General Meeting (AGM) elected Jonas Millqvist as new chairman of Minesto, replacing Bengt Adolfsson who has served as chairman for the last four years. Bengt Adolfsson remains as board member of Minesto as the company’s largest shareholder.

Jonas Millqvist is Senior Underwriter at Denmark's Export Credit Agency and has been a member of Minesto’s board of directors since 2018. He has extensive experience in business development and finance in the renewable energy sphere, having worked eight years for global wind turbine manufacturer Vestas Wind Systems. During his time with Vestas, Jonas led teams in treasury and structured finance, facilitating large-scale wind power projects through different financial solutions.More information (in Swedish) on the AGM including comments from Bengt Adolfsson and Jonas Millqvist, as well as CEO’s speech to the AGM, is available via this link.

Pictures and video from the Vestmannasund installation activities

Minesto and its partner, electric utility SEV, are progressing their joint tidal energy demonstration project in Vestmannasund, Faroe Islands.

See pictures and video of the activities in Vestmannasund via this link.

Minesto’s first DG100 kite system named “Havfrúgvin”

Minesto has named its first DG100 tidal kite system “Havfrúgvin”. The naming followed a visit by the Prime Minister of Faroe Islands, Bárður á Steig Nielsen to the installation site in Vestmannasund where Minesto and the Faroese utility SEV is working on the first of two DG100 installations in their joint tidal energy project.

The name Havfrúgvin, which means mermaid in Faroese, has a long-standing and rich history in the Faroe Islands, especially around the town Vestmanna. Traditionally, the name has been used for naming boats and ships in the Faroe Islands, and the first competitive rowing boat named Havfrúgvin was built in 1928.

In Vestmanna, there was a smack (traditional fishing boat) named Havfrúgvin that was the only one of the seven ships belonging to Vestmanna that survived World War II.